Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Rating of "Hold" by Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have received a consensus rating of "Hold" from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $102.22.

A number of equities analysts have weighed in on LPX shares. Bank of America lifted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. TD Securities raised their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Finally, DA Davidson raised their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th.

Insider Transactions at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently modified their holdings of LPX. William Blair Investment Management LLC acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at $91,053,000. Pacer Advisors Inc. grew its stake in Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after buying an additional 1,096,804 shares during the last quarter. FMR LLC increased its holdings in shares of Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock worth $340,427,000 after buying an additional 638,058 shares in the last quarter. Marshall Wace LLP raised its position in Louisiana-Pacific by 92.4% in the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock valued at $103,363,000 after purchasing an additional 602,803 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Louisiana-Pacific by 188.3% in the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock valued at $36,834,000 after buying an additional 292,200 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Trading Down 2.3 %

Louisiana-Pacific stock traded down $2.60 during trading on Friday, hitting $112.83. The company's stock had a trading volume of 388,574 shares, compared to its average volume of 814,383. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.82 and a beta of 1.91. Louisiana-Pacific has a 1-year low of $63.76 and a 1-year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock's fifty day moving average is $109.77 and its 200 day moving average is $99.23.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is currently 17.93%.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.